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CHALLENGE OF CHANGE.

CHALLENGE OF CHANGE.

Authors :
Keeling, Dennis
Source :
Computer Weekly; 9/14/2004, p43-43, 1p, 2 Color Photographs
Publication Year :
2004

Abstract

This article discusses some issues related to the IT industry. The small and medium-sized enterprise (SMEs) sector is a vital part of British corporate sector. Small employers already have to administer tax credits, stakeholder pensions and a whole range of extra deductions through the payroll. On the plus side, it is possible to claim £ 825 over five years by filing online early. However, to do this, SMEs will need to make sure that the payroll software they use to file online is capable of sending the data electronically, and that, from April 2005, it meets the Inland Revenue quality standard. People can expect to see XBRL being used for filing corporation tax returns to the Inland Revenue, annual returns to Companies House, and VAT returns to Customs & Excise— this is sheer madness. According to an online accountant's newsletter, AccountingWeb, the Treasury has refused to consult the Institute of Chartered Accountants in England and Wales' tax faculty before its review of the small company tax regime.

Details

Language :
English
ISSN :
00104787
Database :
Complementary Index
Journal :
Computer Weekly
Publication Type :
Periodical
Accession number :
14644285